Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-18

Tetra Technologies (TTI)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,133,908
Brady Murphy total, FY2025
99th
CEO pay percentile vs peers
CEO-to-median pay ratio
98.89%
Say-on-pay support, latest vote
Companies that benchmark against TTI
8 companies name TTI as a compensation peer

Each company listed discloses TTI in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TTI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Brady Murphy$735,000$0$1,325,333$0$3,061,825$0$11,750$5,133,908
President & CEO
Elijio Serrano452,4000441,77801,229,195011,1002,134,473
Sr. Vice President & CFO
Matthew Sanderson467,5000331,3330951,356011,7501,761,939
Executive VP & CCO
Timothy Moeller450,0000309,2450812,700011,7501,583,695
Sr. Vice President
Roy McNiven423,0000309,2450794,363012,3501,538,958
Sr. Vice President

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Brady Murphy$5,133,908$4,949,339$5,110,924+184,569
Elijio Serrano2,134,4732,031,3612,245,313+103,112
Matthew Sanderson1,761,9391,570,0561,703,858+191,883
Timothy Moeller1,583,6951,470,3761,800,918+113,319
Roy McNiven1,538,958924,939984,428+614,019

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Roy McNivenRSU2025-02-2881,595$309,245
Elijio SerranoRSU2025-02-28116,564441,778
Timothy MoellerRSU2025-02-2881,595309,245
Brady MurphyRSU2025-02-28349,6921,325,333
Matthew SandersonRSU2025-02-2887,423331,333
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Roy McNiven$309,245$0$00.0%
Elijio Serrano441,778000.0%
Timothy Moeller309,245000.0%
Brady Murphy1,325,333000.0%
Matthew Sanderson331,333000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Brady MurphyRSU371,666$3,482,510
Brady MurphyRSU349,6923,276,614
Brady MurphyRSU181,4891,700,552
Elijio SerranoRSU137,6541,289,818
Elijio SerranoRSU116,5641,092,205
Timothy MoellerRSU81,595764,545
Matthew SandersonRSU87,423819,154
Matthew SandersonRSU86,034806,139
Timothy MoellerRSU82,593773,896
Roy McNivenRSU81,595764,545
Elijio SerranoRSU60,497566,857
Brady MurphyRSU57,391537,754
Matthew SandersonRSU45,373425,145
Timothy MoellerRSU40,836382,633
Roy McNivenRSU40,836382,633
Elijio SerranoOption103,8263.87
Timothy MoellerRSU25,000234,250
Elijio SerranoRSU21,256199,169
Matthew SandersonRSU15,942149,377
Timothy MoellerRSU12,754119,505
Roy McNivenRSU12,754119,505
Elijio SerranoOption74,6867.14
Elijio SerranoOption139,7064.51
Matthew SandersonOption66,1774.51
Matthew SandersonOption54,6453.87
Timothy MoellerOption16,6184.19
05

Incentive-plan design — the Compensation Discussion & Analysis

TETRA's compensation philosophy is designed to recruit and retain highly qualified executives while ensuring a significant portion of compensation is tied to performance to align interests with stockholders. The program aims to attract, retain, motivate, reward, and align talent by providing competitive pay and a substantial percentage of 'at-risk' variable compensation based on challenging financial and operational goals.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPay Governance LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-22100,758,4431,053,73981,97198.89%Passed
20252025-06-1280,134,89510,467,685324,75588.13%Passed
20242024-05-2174,649,5085,931,564445,74192.13%Passed
20222022-05-2464,380,7304,552,784225,18693.09%Passed
20212021-05-2659,762,0292,114,353138,91596.37%Passed
20202020-05-0786,049,5939,383,7491,240,27589.01%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2298.89%a
20252025-06-1288.13%b
20242024-05-2192.13%c

a. Approved under the standard stated in the filing — “For the purpose of determining whether the proposal has received a majority vote, abstentions will be included in the vote totals with the result that an abstention will have the same effect as a vote against the proposal.”.

b. Approved under the standard stated in the filing — “For the purpose of determining whether the proposal has received a majority vote, abstentions will be included in the vote totals with the result that an abstention will have the same effect as a vote against the proposal.”.

c. Approved under the standard stated in the filing — “For the purpose of determining whether the proposal has received a majority vote, abstentions will be included in the vote totals with the result that an abstention will have the same effect as a vote against the proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jay F. GlickIndependent$150,000$184,673$334,673
Thomas R. BatesIndependent · HCMCC (Chair)105,000135,426240,426
Sharon B. McGeeIndependent · HCMCC · NGSC (Chair)105,000135,426240,426
Christian A. GarciaIndependent · Audit (Chair)100,989135,426236,415
Angela D. JohnIndependent · Audit · NGSC90,000135,426225,426
Shawn D. WilliamsIndependent · Audit · HCMCC90,000135,426225,426
Julie A. SloatIndependent · Audit · NGSC49,500135,426184,926
Mark E. BaldwinIndependent56,141056,141
Current DirectorsIndependent
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$100,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 15,000 / 15,000
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$746,630
Equity awards (grant-date value)$997,229
All other compensation$0
Total cost of the board$1,743,859

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

INVX Innovex International, Inc.FTK Flotek Industries, Inc.KLXE KLX Energy Services Holdings, Inc.RNGR Ranger Energy Services, Inc.WTTR Select Water Solutions, Inc.FET Forum Energy Technologies, Inc.NINE Nine Energy Service, Inc.OIS Oil States International, Inc.ARIS Aris Water Solutions, Inc.TUSK Mammoth Energy Services, Inc.HWKN Hawkins Inc.NR Newpark Resources, Inc.
10a

Peer reciprocity

Of the companies Tetra Technologies names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Innovex International, Inc. (INVX)34 Flotek Industries, Inc. (FTK) KLX Energy Services Holdings, Inc. (KLXE) Ranger Energy Services, Inc. (RNGR)35 Select Water Solutions, Inc. (WTTR)36 Forum Energy Technologies, Inc. (FET)37 Nine Energy Service, Inc. (NINE)38 Oil States International, Inc. (OIS)39 Aris Water Solutions, Inc. (ARIS) Mammoth Energy Services, Inc. (TUSK) Hawkins Inc. (HWKN) Newpark Resources, Inc. (NR)

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Tetra Technologies.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Forum Energy Technologies, Inc.2025Neal Lux$717,769$4,232,105$0$1,196,463$6,163,337
2Tetra Technologies2025Brady Murphy735,0001,325,33303,061,8255,133,908
3Oil States International, Inc.2025Cindy Taylor925,0002,400,00301,654,2445,079,386
4Select Water Solutions, Inc.2025John Schmitz800,0003,245,5260681,3524,876,029
5Ranger Energy Services, Inc.2025Stuart Bodden639,4232,534,702003,722,785
6Hawkins Inc.2026Patrick Hawkins743,2692,062,3930736,9843,607,894
7Innovex International, Inc.2025Adam Anderson550,9692,222,4920495,0003,283,511
8Nine Energy Service, Inc.2024Ann Fox726,923612,8600577,1602,022,618
Flotek Industries, Inc.not in coverage universe
KLX Energy Services Holdings, Inc.not in coverage universe
Aris Water Solutions, Inc.not in coverage universe
Mammoth Energy Services, Inc.not in coverage universe
Newpark Resources, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Tetra Technologiesnot disclosedRSU 50 · LTIP Units 50not disclosedPay Governance LLC
Aris Water Solutions, Inc.not disclosednot disclosednot disclosednot disclosed
Flotek Industries, Inc.not disclosednot disclosednot disclosednot disclosed
Forum Energy Technologies, Inc.not disclosedRSU 50 · PRSU 50not disclosednot disclosed
Hawkins Inc.not disclosedPRSU 100not disclosedMcLagan
Innovex International, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
KLX Energy Services Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Mammoth Energy Services, Inc.not disclosednot disclosednot disclosednot disclosed
Newpark Resources, Inc.not disclosednot disclosednot disclosednot disclosed
Nine Energy Service, Inc.not disclosednot disclosedNoCompensation Advisory Partners (CAP)
Oil States International, Inc.not disclosedRSU 50 · PRSU 25 · Cash Performance Award 25not disclosedMeridian Compensation Partners
Ranger Energy Services, Inc.not disclosednot disclosednot disclosedMeridian Compensation Consultants, LLC
Select Water Solutions, Inc.88.1%RSU 50 · PSU 50Yes — Relative Total Shareholder Return (TSR)Meridian Compensation Partners

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Brady MurphyDEF 14A2026-04-090000844965-26-000026Section “Executive Compensation”. As printed: 5,133,908. Filing ↗machine: span 841633–841642
2Section 01, Elijio SerranoDEF 14A2026-04-090000844965-26-000026Section “Executive Compensation”. As printed: 2,134,473. Filing ↗machine: span 851495–851504
3Section 01, Matthew SandersonDEF 14A2026-04-090000844965-26-000026Section “Executive Compensation”. As printed: 1,761,939. Filing ↗machine: span 861118–861127
4Section 01, Timothy MoellerDEF 14A2026-04-090000844965-26-000026Section “Executive Compensation”. As printed: 1,583,695. Filing ↗machine: span 871004–871013
5Section 01, Roy McNivenDEF 14A2026-04-090000844965-26-000026Section “Executive Compensation”. As printed: 1,538,958. Filing ↗machine: span 880607–880616
6Section 03, Roy McNiven RSUDEF 14A2026-04-090000844965-26-000026Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: span 932119–932126
7Section 03, Elijio Serrano RSUDEF 14A2026-04-090000844965-26-000026Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: span 907408–907415
8Section 03, Timothy Moeller RSUDEF 14A2026-04-090000844965-26-000026Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: span 924202–924209
9Section 03, Brady Murphy RSUDEF 14A2026-04-090000844965-26-000026Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: span 898558–898567
10Section 03, Matthew Sanderson RSUDEF 14A2026-04-090000844965-26-000026Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: span 915331–915338
11Section 08, Jay F. GlickDEF 14A2026-04-090000844965-26-000026Section “Director Compensation”. As printed: 334,673. Filing ↗machine: span 1349695–1349702
12Section 08, Thomas R. BatesDEF 14A2026-04-090000844965-26-000026Section “Director Compensation”. As printed: 240,426. Filing ↗machine: span 1346676–1346683
13Section 08, Sharon B. McGeeDEF 14A2026-04-090000844965-26-000026Section “Director Compensation”. As printed: 240,426. Filing ↗machine: span 1352711–1352718
14Section 08, Christian A. GarciaDEF 14A2026-04-090000844965-26-000026Section “Director Compensation”. As printed: 236,415. Filing ↗machine: span 1348189–1348196
15Section 08, Angela D. JohnDEF 14A2026-04-090000844965-26-000026Section “Director Compensation”. As printed: 225,426. Filing ↗machine: span 1351202–1351209
16Section 08, Shawn D. WilliamsDEF 14A2026-04-090000844965-26-000026Section “Director Compensation”. As printed: 225,426. Filing ↗machine: span 1355729–1355736
17Section 08, Julie A. SloatDEF 14A2026-04-090000844965-26-000026Section “Director Compensation”. As printed: 184,926. Filing ↗machine: span 1354219–1354226
18Section 08, Mark E. BaldwinDEF 14A2026-04-090000844965-26-000026Section “Director Compensation”. As printed: 56,141. Filing ↗machine: span 1357559–1357565
19Section 08, Current DirectorsDEF 14A2026-04-090000844965-26-000026Section “Director Compensation”. As printed: —. Filing ↗
20Section 06, 2026 voteForm 8-K2026-05-260000844965-26-000042Item 5.07 · say-on-pay result. As reported: 98.89% (votes for as printed: 100,758,443). Filing ↗
21Section 06, 2025 voteForm 8-K2025-06-120000844965-25-000039Item 5.07 · say-on-pay result. As reported: 88.13% (votes for as printed: 80,134,895). Filing ↗
22Section 06, 2024 voteForm 8-K2024-05-230000844965-24-000056Item 5.07 · say-on-pay result. As reported: 92.13% (votes for as printed: 74,649,508). Filing ↗
23Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
24Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
25Section 09b board cost (computed)ComputedcomputedCash 746,630 + equity 997,229 + all other 0 = 1,743,859, summed across the director compensation table rows.machine: formula: Σ = 1,743,859
26Forum Energy Technologies, Inc., Section 10b CEO totalDEF 14A2026-03-270001401257-26-000021CEO total compensation as printed in Forum Energy Technologies, Inc.'s own proxy. As printed: 6,163,337. Filing ↗machine: r2 · c21 · span 343952–343961
27Tetra Technologies (subject), Section 10b CEO totalDEF 14A2026-04-090000844965-26-000026CEO total compensation as printed in Tetra Technologies's own proxy. As printed: 5,133,908. Filing ↗machine: span 841633–841642
28Oil States International, Inc., Section 10b CEO totalDEF 14A2026-03-270001121484-26-000017CEO total compensation as printed in Oil States International, Inc.'s own proxy. As printed: 5,079,386. Filing ↗machine: r2 · c21 · span 888287–888296
29Select Water Solutions, Inc., Section 10b CEO totalDEF 14A2026-03-240001104659-26-033864CEO total compensation as printed in Select Water Solutions, Inc.'s own proxy. As printed: 4,876,029. Filing ↗machine: span 1041295–1041304
30Ranger Energy Services, Inc., Section 10b CEO totalDEF 14A2026-04-020001628280-26-023149CEO total compensation as printed in Ranger Energy Services, Inc.'s own proxy. As printed: 3,722,785. Filing ↗machine: r2 · c36 · span 351707–351716
31Hawkins Inc., Section 10b CEO totalDEF 14A2026-06-180000046250-26-000026CEO total compensation as printed in Hawkins Inc.'s own proxy. As printed: 3,607,894. Filing ↗machine: r2 · c42 · span 275539–275548
32Innovex International, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-129169CEO total compensation as printed in Innovex International, Inc.'s own proxy. As printed: 3,283,511. Filing ↗machine: r2 · c7 · span 475965–475974
33Nine Energy Service, Inc., Section 10b CEO totalDEF 14A2025-03-060001193125-25-048494CEO total compensation as printed in Nine Energy Service, Inc.'s own proxy. As printed: 2,022,618. Filing ↗machine: r2 · c25 · span 262873–262882
34Section 10a, Innovex International, Inc. reciprocityDEF 14A0001193125-26-129169Innovex International, Inc. names Tetra Technologies in its own disclosed peer group (read from its most recent proxy). Filing ↗
35Section 10a, Ranger Energy Services, Inc. reciprocityDEF 14A0001628280-26-023149Ranger Energy Services, Inc.'s most recent proxy was read; its disclosed peer group does not include Tetra Technologies. Filing ↗
36Section 10a, Select Water Solutions, Inc. reciprocityDEF 14A0001104659-26-033864Select Water Solutions, Inc. names Tetra Technologies in its own disclosed peer group (read from its most recent proxy). Filing ↗
37Section 10a, Forum Energy Technologies, Inc. reciprocityDEF 14A0001401257-26-000021Forum Energy Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Tetra Technologies. Filing ↗
38Section 10a, Nine Energy Service, Inc. reciprocityDEF 14A0001193125-25-048494Nine Energy Service, Inc.'s most recent proxy was read; its disclosed peer group does not include Tetra Technologies. Filing ↗
39Section 10a, Oil States International, Inc. reciprocityDEF 14A0001121484-26-000017Oil States International, Inc. names Tetra Technologies in its own disclosed peer group (read from its most recent proxy). Filing ↗